BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Update

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 343,100 shares, a decline of 5.3% from the November 15th total of 362,200 shares. Based on an average daily volume of 507,800 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pathway Financial Advisers LLC lifted its position in shares of BlackRock Corporate High Yield Fund by 950.2% in the third quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,697,620 shares in the last quarter. Lake Street Private Wealth LLC grew its position in BlackRock Corporate High Yield Fund by 0.9% during the third quarter. Lake Street Private Wealth LLC now owns 438,300 shares of the investment management company’s stock valued at $4,409,000 after purchasing an additional 3,800 shares in the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock Corporate High Yield Fund in the 3rd quarter valued at approximately $33,316,000. Cetera Investment Advisers lifted its position in BlackRock Corporate High Yield Fund by 2.7% in the 2nd quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock worth $2,616,000 after buying an additional 7,164 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in BlackRock Corporate High Yield Fund by 6.6% in the 3rd quarter. Private Advisor Group LLC now owns 250,503 shares of the investment management company’s stock worth $2,520,000 after buying an additional 15,533 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

HYT opened at $9.72 on Thursday. The stock has a fifty day moving average of $9.90 and a 200-day moving average of $9.86. BlackRock Corporate High Yield Fund has a 12-month low of $9.20 and a 12-month high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a $0.0779 dividend. This represents a $0.93 annualized dividend and a yield of 9.62%. The ex-dividend date is Monday, December 16th.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.